CE 4-1 Establish and maintain a database of federal funding, incentives, and grants available to support regional and local government climate action implementation resulting from the Inflation Reduction Act (IRA), Infrastructure Investment and Jobs Act (IIJA) and others. Explore opportunities for grant submissions, including collaboration with other communities or entities.
CE 4-2 Establish a Green Bank, or promote the State of Illinois Green Bank, to support funding of climate action and resilience strategies including Energy Efficiency, Renewable Energy installations, and climate resilience upgrades with a prioritization for local businesses and those serving low income to moderate income community members. Funding available through the Inflation Reduction Act and State of Illinois CEJA.
CE 4-3 Establish a policy that accounts for all energy efficiency and renewable energy and other operational cost savings of owned buildings and fleets arising from CAIP actions. All savings to be invested into a CAIP Fund as one source of financing for continued energy efficiency, renewable energy, and other CAIP implementation related efforts.
CE 4-4 Identify a sustainable funding source for increased utility assistance for low-income residents, including support for energy efficiency projects, such as weatherization.
CE 4-5 Establish Forest Carbon Offset credits for local government and publicly managed urban forests and tree stock. Use funds to support climate action in the community.
CE 4-6 Consider establishing a policy that requires infrastructure projects and capital budgets incorporate climate risk and vulnerability analysis and adaptation plans to ensure that future spending contributes to resilience and achieving the Plan goals.
